PUBLISHER: Allied Market Research | PRODUCT CODE: 1140245
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140245
The global hair transplant market was valued at $4,898.0 million in 2021, and is projected to reach $30,127.3 million by 2031, registering a CAGR of 20.4% from 2022 to 2031. Hair transplantation, is defined as a surgical procedure, which involves removing hair follicles from one area of the body known as "donor site" and transplanting it to the "receiver site,". The receiver site is an area of the body that is bald. The hair transplant procedure is most commonly used in treatment of male pattern baldness. The genetically resistant hair follicles from areas of the body such as the back of the head are transferred to the bald scalp during this minimally invasive process.
In addition, hair transplantation can be used to cover scars left behind from accidents or surgeries such as facelifts and prior hair transplants. It is also used to restore hair to the pubic area, chest, eyelashes, eyebrows, and beard. The hair transplant market is driven by rise in number of male baldness, increase in prevalence of androgenetic alopecia, rising prevalence of chronic illnesses which causes hair loss such as hypothyroidism, hyperthyroidism, stress, lupus, and cancer.
Increase in the number of hair restoration procedure anticipated to fuel the growth of hair transplant market. For instance, according to International Society of Hair Restoration Surgery (ISHRS), in 2021, it was reported that 256,835 hair restoration procedures were performed in Asia-Pacific. As per the same source, it was also analyzed that hair restoration procedures have been increased by 31% from 2019 to 2021. In addition, increase in the prevalence of hair loss contributes to drive the hair transplant market.
For instance, increase in prevalence of physical trauma, surgery, serious illnesses or other intense stressors, and skin conditions, are key factors for incidents of hair loss. In addition, the increasing use of critical elements such as harsh style techniques, the use of heat or chemical treatments on hair, upsurge the need for hair transplant procedure. Moreover, global hair transplant market expansion is being fueled by a number of factors, including social pressure and awareness, fast lifestyle change, rising self-consciousness, growing celebrity and media impact, and rising disposable income. Surge in the incidence of hair loss due to chronic dermatological disease known as alopecia contributes to drive the market growth. Moreover, increase in the number of product approval for alopecia treatment by different key players anticipated to propel the growth of hair transplant market. However, high cost of hair transplant procedure is anticipated to restrain the market growth. In addition, side effects associated with hair transplant procedure hamper the market growth.
The hair transplant market is segmented on the basis of procedure, gender and service provider. On the basis of procedure, the market is bifurcated into follicular unit transplantation (FUT), follicular unit extraction (FUE), combination of FUT & FUE and others. The others segment of procedure includes direct hair implantation, and needle-free jet injector hair transplant. On the basis of gender, the market is segmented into female and male. On the basis of service provider market is divided into hospitals and dermatology clinics. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the major companies that operate in the global hair transplant market include Bernstein Medical, Bosley, Dermamagnetica Clinic, GETFUE Hair Clinics Ltd, Hair Club, Hair Doc (Innovator), Hair Palace Clinic, Hair Restoration BlackRockHRBR, Hair sure transplant center, Hair Transplants of Florida, Hairline International Hair and Skin Clinic, Hermest Hair Clinic (Innovator), Limmer Hair Transplant Center, Medical Hair Transplants & Aesthetics, SPRINGS Hair Restoration, Venus Concept , and Vinci hair clinic.
Key Benefits For Stakeholders
Key Market Segments
By Procedure
By Gender
By Service Provider
By Region